CIRSA Net Profit Rises 73.6% as Lottomatica Merger Progresses
Spain.- 5 November 2026 | www.zonadeazar.com CIRSA Group, the Spanish multinational gaming and entertainment company, reported net profit of €128.3 million (US$143.7 million) for the first nine months of 2026, representing year-on-year growth of 73.6%.
The Blackstone-controlled group also increased revenue and EBITDA while progressing with its proposed combination with Italian gambling operator Lottomatica.
The results were submitted to Spain’s National Securities Market Commission (CNMV) on 4 November.
Revenue Increases by 10%
Between January and September 2026, CIRSA reported:
- Net operating revenue: €1.8878 billion, up 10%.
- Net profit: €128.3 million, an increase of 73.6%.
- EBITDA: €591.4 million, up 7.8%.
- Adjusted EBITDA: €599.3 million, an increase of 9.3%.
The results demonstrate growth across the group’s operations and an improvement in profitability.
CIRSA also benefited from a reduction of approximately €39.7 million in financial expenses.
Third-Quarter Profit Grows 48.1%
CIRSA maintained positive momentum during the third quarter of 2026.
Between July and September, the company generated:
- Revenue: €627.5 million, up 12%.
- Net profit: €33.57 million, an increase of 48.1%.
- EBITDA: €195.2 million, up 6.8%.
- Adjusted EBITDA: approximately €203 million, an increase of 11.1%.
The figures reinforce the group’s continued growth across its markets.
According to its financial presentation, CIRSA recorded its 73rd consecutive quarter of growth.
Online Gambling Drives Expansion
Digital operations were among the principal contributors to quarterly growth.
Net revenue from online gaming and sports betting increased by 18.9% to €143.6 million.
Meanwhile, online turnover grew by 32.5%.
The performance highlights the increasing importance of digital operations within CIRSA’s business structure and diversification strategy.
Net Financial Debt Reaches €2.10 Billion
At the end of September, CIRSA reported net financial debt of €2.104 billion.
Its net debt to last-twelve-month EBITDA ratio stood at 2.66 times.
The company also disclosed:
- Cash holdings: €366 million.
- Total available liquidity: €764 million.
These figures provide an overview of the group’s financial position as it progresses with its international expansion and proposed business combination.
CIRSA Maintains Its 2026 Outlook
Following the publication of its results, the company reaffirmed its full-year financial guidance.
CIRSA expects to achieve the upper end of its revenue and EBITDA targets.
The group highlighted its ability to maintain growth despite international macroeconomic and geopolitical uncertainty.
The performance of casino operations and online betting remains central to delivering its annual objectives.
Lottomatica Combination Moves Forward
One of CIRSA’s most significant corporate developments is its proposed combination with Lottomatica, a leading operator in the Italian gambling market.
The company confirmed that the process remains on schedule.
CIRSA has convened an Extraordinary General Meeting of shareholders for 30 November 2026, when the proposed transaction will be submitted for approval.
The combination would bring together the operations and commercial capabilities of both groups, expanding their presence across international gambling markets.
The transaction remains subject to the relevant approvals.
Industry Impact and Next Steps
CIRSA’s results demonstrate continued operational expansion accompanied by significant growth in net profit.
Strong online performance and improving profitability strengthen the group’s position ahead of its proposed combination with Lottomatica.
With nine-month net profit of €128.3 million, revenue approaching €1.888 billion and third-quarter online growth of 18.9%, CIRSA is consolidating its expansion while preparing for the shareholder vote on its Lottomatica merger.
The next key date will be 30 November, when shareholders are scheduled to consider the proposed transaction.
Edited by: @fonta
